By Steve H. Hanke This article appeared in the June 2013 issue of Globe Asia. Money matters — it’s a maxim of Prof. Milton Friedman that I repeat often in my columns. Since the Northern Rock bank run of 2007 — the “opening shot” of the financial crisis — the money supply, broadly measured, in […]

From the Cato Policy Report: For more than 100 years, from roughly 1800 to 1912, the purchasing power value of the dollar under the gold-and-silver standard was essentially constant. With the creation of the Federal Reserve and its discretionary policies of the last century, however, the dollar’s value has declined by more than 95 percent. […]

by Alex Chafuen Before jumps in inflation I used to see articles like this in Argentina. This piece by Steve Conover appearing in the AEI magazine argues that the “[l]ack of sufficient economic growth is behind most if not all of our fiscal and monetary problems,” and so printing money is not so bad. The […]

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The Sound Money Project was founded in January 2009 to conduct research and promote awareness about monetary stability and financial privacy. It is a project of the American Institute for Economic Research.